Spending levels remained mostly positive among large nonresidential segments, according to the Associated General Contractors of America construction spending report.
Manufacturing-related spending continues to lead the way, posting a 1.2% uptick in August, according to the report. Spending on power, highway and street, office and healthcare construction also each jumped 0.4% in August, according to the report.
“For now, all types of construction are growing,” said Ken Simonson, AGC chief economist. “But unless the supply of qualified workers increases, many projects are likely to be delayed.”
